📉 2. **Reasons for Price Drop**

🔻 **Supply and Demand Factors**

- **Selling Pressure from Whales**: Transfers to exchanges (especially Binance and MEXC) increased the available supply. For example, the group of wallets **pepecexwallet.eth** previously caused a price drop of 22% in one day through similar actions.

- **Decreased Interest from Retail Investors**: Trading volume on Binance has declined, and Bitcoin dominance has exceeded **65%**, indicating a rotation of capital from altcoins to BTC. PEPE, as a high-risk asset, has suffered more severely.

- **Diminishing Hype**: The short-lived excitement following Elon Musk's tweet (April 2025) has faded. Without new catalysts, it has been impossible to maintain the price.